NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  NIC MAP Vision  |  Senior Housing  |  assisted living  |  independent living  |  occupancy

Senior Housing Occupancy Rate Over Halfway Back to Pre-Pandemic Level

By: Omar Zahraoui  |  November 10, 2022

The all-occupancy rate for senior housing for the NIC MAP Primary Markets increased to 82.8% in the October 2022 reporting period, up 0.6 percentage point (pps) from the September 2022 reporting period on three-month rolling basis, according to intra-quarterly NIC MAP® data, released by NIC MAP Vision. From its pandemic record low of 77.9% in June 2021, senior housing all-occupancy increased by 4.9pps and is now more than halfway in the road to recovery, with a gap of 4.4pps from the pre-pandemic March 2020 level of 87.2%.

Market Trends  |  NIC MAP Vision  |  Skilled Nursing

Skilled Nursing Occupancy Continued Increase in August 2022

By: Bill Kauffman  |  November 03, 2022

“Occupancy has increased throughout 2022, which suggests demand for skilled nursing is growing. However, retaining adequate staff is still challenging and limits the ability to increase patient admissions.” -Bill Kauffman NIC MAP Vision released its latest Skilled Nursing Monthly Report on November 3, 2022. The report includes key monthly data points from January 2012 through August 2022.

Market Trends  |  NIC MAP Vision  |  Senior Housing

NIC MAP Vision 3Q22 Key Takeaways: Senior Housing Occupancy Rate Rose Full Percentage Point

By: Beth Mace  |  October 26, 2022

NIC MAP Vision clients, with access to NIC MAP® data, attended a webinar in mid-October on key seniors housing data trends during the third quarter of 2022. Findings were presented by the NIC Analytics research team. Key takeaways included the following:

Business Environment  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

Senior Housing Units Vacated During Pandemic Near Full Recovery on Net Basis

By: Omar Zahraoui  |  October 06, 2022

According to quarterly NIC MAP® data, released by NIC MAP Vision, demand, as measured by the change in occupied units, largely outpaced new supply while marking its sixth consecutive quarter of positive increases, with a net absorption gain from the prior quarter of more than 8,700 units, or 1.6% for the NIC MAP Primary Markets. This advance pushed the share of senior housing units vacated during the pandemic that have been re-occupied to near-full recovery (95%). If this pace of demand growth continues into the next quarter, senior housing may soon start filling new inventory added during the pandemic, on a net basis.

-->